Austrian economics, money and finance / (Record no. 130903)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 03143cam a2200277Ii 4500 |
| 001 - CONTROL NUMBER | |
| control field | 9781315168296 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 180706s2018 nyuad ob 001 0 eng d |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER | |
| International Standard Book Number | 9781315168296 |
| -- | (e-book : PDF) |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER | |
| International Standard Book Number | 9781351685511 |
| -- | (e-book: Mobi) |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER | |
| Cancelled/invalid ISBN | 9781138051416 |
| -- | (hardback) |
| 024 7# - OTHER STANDARD IDENTIFIER | |
| Standard number or code | 10.4324/9781315168296 |
| Source of number or code | doi |
| 035 ## - SYSTEM CONTROL NUMBER | |
| System control number | (OCoLC)1004350652 |
| 050 #4 - LIBRARY OF CONGRESS CALL NUMBER | |
| Classification number | HB98 |
| Item number | .M39 2018 |
| 082 04 - DEWEY DECIMAL CLASSIFICATION NUMBER | |
| Classification number | 330.157 |
| Item number | M468 |
| 100 1# - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Mayer, Thomas, |
| Dates associated with a name | 1954-, |
| Relator term | author. |
| 245 10 - TITLE STATEMENT | |
| Title | Austrian economics, money and finance / |
| Statement of responsibility, etc | Thomas Mayer. |
| 250 ## - EDITION STATEMENT | |
| Edition statement | First edition. |
| 264 #1 - | |
| -- | New York : |
| -- | Routledge, |
| -- | 2018. |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 1 online resource (203 pages) |
| 505 0# - FORMATTED CONTENTS NOTE | |
| Formatted contents note | Introduction -- Money -- The functions of money and money creation -- The nature of inflation -- The concept of interest -- The order of money and its consequences -- Blueprints for monetary reform -- Finance -- Debt and ownership -- The building blocks of modern finance -- The failures of modern finance -- How modern finance has contributed to financial crises -- Building blocks of a theory of austrian finance -- From theory to practice- applications of austrian finance -- Epilogue. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | "The financial crisis has exposed severe shortcomings in mainstream monetary economics and modern finance. It is surprising that these shortcomings have not led to a wider debate about the need to overhaul these theories. Instead, mainstream economists have closed ranks to defend existing theories and public authorities have expanded their interference in markets. This book investigates the problems associated with mainstream monetary economics and finance, and proposes alternatives based on the Austrian school of economics. This school emanated from the work of the 19th century Austrian economist Carl Menger and was developed further by Eugen von Beohm-Bawerk, Ludwig von Mises, and Friedrich August von Hayek. In monetary economics, the Austrian school regards the creation of money by banks through credit extension as a key source of economic instability. From this follows the need for a comprehensive reform of our present monetary system. In a new monetary order, money could be issued by both public and private institutions, and there would be no need for fractional reserve banking. Instead of creating money, banks would intermediate it. In finance, the Austrian school rejects the notion of rational expectations and measurable risk. Individuals use their subjective knowledge to gather and evaluate information, and they act in a world of radical uncertainty. Hence, markets are not "efficient" nor can portfolios be built on the basis of known probability distributions of asset prices as described in the modern finance literature. From this follows the need to develop a new theoretical foundation for asset pricing and investment management that will give practitioners more useful orientation."--Provided by publisher. |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name as entry element | Austrian school of economics. |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name as entry element | Monetary policy. |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name as entry element | Finance. |
| 776 08 - ADDITIONAL PHYSICAL FORM ENTRY | |
| Display text | Print version: |
| International Standard Book Number | 9781138051416 |
| Record control number | (DLC) 2017034774 |
| 856 40 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | https://www.taylorfrancis.com/books/9781315168296 |
| Public note | Click here to view. |
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